• EURJPY reversed from key support level 124.30
• Likely to rise to 125.60
EURJPY recently reversed up sharply from the key support level 124.30 (former powerful resistance from the start of June), intersecting with the 50% Fibonacci retracement of the previous impulse wave (i).
The upward reversal from the support level 124.30 continues the active upward impulse sequence 3 from the start of July.
EURJPY is likely to rise further toward the next resistance level 125.60 (former top of the earlier impulse wave (i)).
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